Normally,an Auditor Can Gain an Understanding of Internal Controls by Means

question 122

True/False

Normally,an auditor can gain an understanding of internal controls by means of a walkthrough of the process,inquiry,observation,and review of the client's documentation.

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Definitions:

Floodplain

Land that is level or almost level, located next to a river or stream, which undergoes infrequent or regular floods.

Meander

A winding curve or bend in a river, which occurs as the river erodes the landscape in sinuous patterns.

Flood

The result of water overfilling a channel and spilling out onto the floodplain or other adjacent land.

Hydrographs

Charts that show the flow rate of water over time at a specific point in a river or stream.